The halving is approaching fast and i believe that the whales are setting up a major dump to break the hodlers and bulleviers spirits.
Reasons: 1 - It would be soul crushing, halving being a bullish event and then going full bear 2 - Volume is declining while price is rising (bearish) 3 - Rising wedge (bearish) 4 - RSI - will be oversold at the top of the wedge (bearish)
That being said I will not sell my spot BTC and will only be buying more if we dump as i believe it will only be temporary to shake out weak hands and halving enthusiasts.
What do You think? please share your ideas with me
Awesome~ I was surprised that your thoughts were very similar to me. I agree for all four reasons. However, there is a gold cross between the 20-day moving average and the 60-day moving average. How do you see this? Please post your thoughts about cryptocurrency frequently. Thank you.